Most Asian markets edged higher on Thursday, as Japan gained due to a
weaker yen, while the Australian dollar received an early boost from
strong local economic data.
The yen weakened a touch overnight and softened further early in Asia, helping the Nikkei move higher. Although the fall in the currency was small, trading in Tokyo remains thin, allowing a small catalyst to push the broader market higher. The index was up 1.4%, while the dollar was last at ¥102.64, compared with ¥102.31 late Wednesday in New York
Hong Kong’s Hang Seng Index was up 0.5%, while the Shanghai Composite was a touch lower, down 0.1%. The mainland market was supported by hopes property controls in smaller cities will be eased, which would help companies such as China Vanke, up 4.7%, and Gemdale Corp., up by 1.3%.
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The yen weakened a touch overnight and softened further early in Asia, helping the Nikkei move higher. Although the fall in the currency was small, trading in Tokyo remains thin, allowing a small catalyst to push the broader market higher. The index was up 1.4%, while the dollar was last at ¥102.64, compared with ¥102.31 late Wednesday in New York
Hong Kong’s Hang Seng Index was up 0.5%, while the Shanghai Composite was a touch lower, down 0.1%. The mainland market was supported by hopes property controls in smaller cities will be eased, which would help companies such as China Vanke, up 4.7%, and Gemdale Corp., up by 1.3%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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